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Rural Inflation Down 0.3%

The Consumer Price Index for rural areas increased by 13.1% in the 12-month period ending on May 21, which marks the end of the second Iranian month, compared with the same period of last year, as reported by the Statistical Center of Iran. The figure indicates a 0.3 percent decline compared to a month earlier, following the same downward pattern in the first month of this year when the inflation rate for rural areas had dropped by 3% compared to the previous month.The overall index (using 2011 as the base year) stood at 220.6 during the month, indicating 0.9% growth compared with the previous month. Year-on-year increase of 13.3% was recorded in price index compared with the similar month of the previous year – 0.2% higher than the changes recorded in the preceding month.